Bloom Energy (NYSE:BE) Posts Quarterly Earnings Results

Bloom Energy (NYSE:BE) posted its quarterly earnings results on Thursday. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.25, FiscalAI reports. Bloom Energy had a net margin of 13.53% and a return on equity of 53.69%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue was up 138.1% on a year-over-year basis.

Here are the key takeaways from Bloom Energy’s conference call:

• Bloom reported record third-quarter results, with revenue of $1.24 billion, up 138% year over year, operating income up more than 500%, and non-GAAP diluted EPS of $0.94 versus $0.15 a year earlier.
• Management raised its 2026 outlook for the third time, now projecting $4.4 billion–$4.6 billion in revenue, $960 million–$1.03 billion in operating income, and non-GAAP diluted EPS of $3.10–$3.40, citing stronger performance and improved delivery visibility.
• Demand is expanding beyond hyperscale data centers into utilities, military and critical infrastructure, commercial and industrial customers, international markets, and carbon-capture projects; management said backlog is growing faster than revenue and is preparing additional manufacturing capacity beyond its 5-gigawatt milestone.
• Despite strong profitability, operating cash flow was a $27 million use and free cash flow was negative $181 million in the quarter as inventory, receivables, contract assets, and capital expenditures increased to support growth; management also warned that year-end delivery timing will determine where results land within its guidance range.
• Product gross margin reached 38.4% and total gross margin was 34.5%, while operating margin expanded to 23.1%; management expects further benefits from production-line maturity, utilization, automation, and cost-reduction initiatives, although near-term ramp and expedited-delivery costs remain a constraint.

Bloom Energy Trading Down 11.6%

NYSE:BE traded down $25.25 during midday trading on Friday, hitting $192.52. 35,859,839 shares of the company traded hands, compared to its average volume of 14,270,488. Bloom Energy has a 12-month low of $75.70 and a 12-month high of $351.28. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The firm’s fifty day moving average is $248.71 and its 200-day moving average is $249.16. The firm has a market capitalization of $56.70 billion, a P/E ratio of 118.11, a P/E/G ratio of 2.81 and a beta of 3.77.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BE. Oppenheimer reissued a “market perform” rating on shares of Bloom Energy in a research report on Friday. KeyCorp reiterated a “sector weight” rating on shares of Bloom Energy in a research note on Friday. TD Cowen raised Bloom Energy to a “hold” rating in a research report on Monday, October 5th. UBS Group upped their target price on shares of Bloom Energy from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Finally, Evercore restated an “outperform” rating on shares of Bloom Energy in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Bloom Energy currently has an average rating of “Moderate Buy” and a consensus target price of $258.36.

Insider Buying and Selling at Bloom Energy

In other news, Director Jeffrey Immelt sold 30,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the completion of the sale, the director directly owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Maciej Kurzymski sold 2,295 shares of the company’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $268.42, for a total transaction of $616,023.90. Following the completion of the transaction, the chief accounting officer owned 77,391 shares in the company, valued at $20,773,292.22. This represents a 2.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is owned by company insiders.

Bloom Energy News Summary

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Bloom Energy reported record third-quarter revenue of $1.24 billion, up 138.1% year over year, while adjusted EPS of $0.94 exceeded the approximately $0.69–$0.71 analyst consensus. Net income reached $250.3 million, compared with a loss in the prior-year quarter. Bloom Energy Reports Record Third Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: The company raised its full-year 2026 outlook for the third time, projecting revenue of $4.4 billion to $4.6 billion and adjusted EPS of $3.10 to $3.40—both above consensus expectations. Management cited strong product sales, rising backlog and demand from data centers and other customers requiring reliable, on-site power. BE Q3 Earnings Beat Estimates on Strong Product Sales, View Up
• Positive Sentiment: Analyst sentiment remained generally constructive: JPMorgan maintained an “overweight” rating despite lowering its price target to $292, while RBC reaffirmed “outperform” with a $335 target and Bernstein raised its target to $306. JPMorgan Bloom Energy Ratings
• Neutral Sentiment: Broader selling in AI-related and data-center power stocks is adding pressure, as investors reassess whether projected capital spending will translate into near-term returns. Bloom’s CEO said the company’s opportunity extends beyond artificial intelligence, including broader distributed-power demand. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: Operating and net cash flow were negative by roughly $180 million in the quarter. Investors are concerned that aggressive manufacturing expansion and other growth investments could require substantial cash before the higher revenue and backlog convert into sustainable free cash flow. Bloom Energy Slides as Q3 Beat and Raise Clouded by Cash Outflows
• Negative Sentiment: At a very high earnings multiple, Bloom Energy had already priced in substantial growth. Consequently, the cash-flow shortfall and expansion spending outweighed the earnings beat and guidance increase for short-term investors.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.